Overview
What is Maryland World Class Consortia Ltd?
Maryland World Class Consortia Ltd is a nonprofit organization situated in Joppa, Maryland. Its primary objective is to unite a group of companies with a shared ambition to excel in manufacturing and software development. The organization offers financial and technical assistance to facilitate the implementation and training of world-class techniques. This assistance aims to empower companies to compete on a global scale, thereby preserving and generating new employment opportunities for Maryland's workforce in the manufacturing and software technology sectors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars, 64%)
Maryland World Class Consortia Ltd has been rated with a Two-Star out of Four Star rating, indicating that there are significant areas needing improvement despite some strengths. The organization has a strong commitment to maintaining an independent board, with 100% of its members being independent. Additionally, it demonstrates effective financial management through a high program expense ratio of 96.57%, reflecting a focus on its mission-driven activities.
However, the organization faces several critical weaknesses. It has received a low score for accountability and transparency, particularly due to the lack of financial statements and essential policies like conflict of interest and whistleblower protections. Moreover, key documents, such as tax forms and board meeting minutes, are not posted on their website, which limits public access to important information about the nonprofit's operations.
In summary, while Maryland World Class Consortia Ltd shows promise with its independent governance and prudent financial management, it must address significant transparency and accountability issues to improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Maryland World Class Consortia Ltd legitimate?
Maryland World Class Consortia Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland World Class Consortia Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Maryland World Class Consortia Ltd?
Maryland World Class Consortia Ltd's mission is to offer technical assistance and training to numerous companies, enabling them to compete effectively on a global scale. This endeavor aims to create employment opportunities for workers. The organization serves as a platform, uniting companies with a shared ambition to enhance their manufacturing and software development processes. Financial and technical assistance is provided to implement and educate in world-class methods. The organization's ultimate goal is to assist companies in competing globally, thereby preserving and generating new job opportunities in the fields of manufacturing and software technology.
Who is the CEO of Maryland World Class Consortia Ltd?
Joyce La Padula is the Chair of Maryland World Class Consortia Ltd.
What is the revenue of Maryland World Class Consortia Ltd?
Maryland World Class Consortia Ltd's revenue in 2022 was $658,753.
Who are the executives of Maryland World Class Consortia Ltd and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Maryland World Class Consortia Ltd?
Maryland World Class Consortia Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maryland World Class Consortia Ltd
Maryland World Class Consortia Ltd is an organization dedicated to providing technical assistance and training to various companies. Their mission is to empower these companies, enabling them to compete globally and in turn, create employment opportunities for workers. By bringing together companies with a shared goal of improving in manufacturing and software development, the consortium offers financial and technical assistance to implement world-class techniques. Maryland World Class Consortia Ltd strives to help these companies compete on a global scale, thereby preserving and creating new opportunities for gainful employment in Maryland's manufacturing and software technology sectors.
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Impact
July, 2024
Maryland World Class Consortia Ltd's impact can be seen in the enhancement of various companies' competitiveness on a global scale, leading to the creation of employment opportunities for workers. By providing technical assistance and training to companies in manufacturing and software development, the organization equips them with the tools and knowledge needed to excel in their respective industries. This not only helps companies thrive in the global market but also contributes to the preservation and creation of new opportunities for gainful employment of Maryland workers in manufacturing and software technology. Through its efforts, Maryland World Class Consortia Ltd is actively promoting community improvement by facilitating growth and success in the business sector.
This information is meant to be a general summary of Maryland World Class Consortia Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $658,753
- Gross Receipts: $658,753
Assets and Liabilities:
- Total Assets: $466,722
- Total Liabilities: $251,851
- Net Assets: $214,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES, CONVENTIONS, MTG
Revenue
$331,535
TRAINING REVENUE
Revenue
$148,448
PWQ FUNDS
Revenue
$144,123
SPONSORSHIP REVENUE
Revenue
$30,000
MEMBER FEES
Revenue
$4,647
Organization Details
Founding Year
1998
Phone
(667) 777-0092Principal Officer
Joyce La Padula
Main Address
233 BRIDGE DRIVE, JOPPA, MD, 21085
NTEE Category
Code: S31 - Community improvement
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